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PUBLISHER: IMARC | PRODUCT CODE: 1390448
PUBLISHER: IMARC | PRODUCT CODE: 1390448
Glufosinate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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Abstract
The global glufosinate market size reached US$ 2.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.8 Billion by 2028, exhibiting a growth rate (CAGR) of 8.73% during 2022-2028.
Glufosinate, also known as ammonium salt, is a naturally occurring broad-spectrum herbicide produced using different species of Streptomyces soil bacteria. It acts as a unique, simple, and effective weed control solution for a variety of crops. As a result, it is applied to young plants during their early development stage for full effectiveness. Nowadays, researchers are focusing on developing new glufosinate-resistant crops that enable a substantial increase in yields and offer significant agricultural advantages.
Glufosinate Market Trends:
The use of genetically modified crops offers various benefits, which include high crop yields, reduced costs, enhanced output, nutritious food and offering a safe environment. Additionally, the escalating demand for genetically modified crops on account of the rising consumption of food and increasing shortage of food around the world represents one of the major factors bolstering the growth of the market. Moreover, due to the growing concerns among farmers about fungal infection, glufosinate-ammonium is gaining traction as a fungicide for cereal crops, vegetables, and fruits. Apart from this, glufosinate-ammonium is used on non-crop areas, such as golf course turf and spot treatments on residential lawns. This, along with the increasing number of individuals participating in golf and the emerging trend of home gardening on account of rapid urbanization and inflating income levels, is also influencing the market positively. Furthermore, governing agencies of numerous countries are implementing various regulatory reforms to make it easier for farmers to manage pest outbreaks and get quality seeds and access credit to invest in production. This, in confluence with the growing adoption of sustainable farming practices, is expected to create a favorable market outlook in the upcoming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global glufosinate market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on crop type, formulation type and application.
Breakup by Crop Type:
Cereals and Grains
Oilseeds and Pulses
Fruits and Vegetables
Others
Breakup by Formulation Type:
Aqueous Suspension
Liquid
Suspension Concentrate
Soluble (Liquid) Concentrate
Others
Breakup by Application:
Herbicides
Fungicides
Desiccant
Defoliant
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being BASF SE, DuPont de Nemours Inc., Hebei Veyong Bio-Chemical Co. Ltd (Limin Group Co. Ltd.), Jiangsu Sevencontinent Green Chemical Company Limited, LIER Chemical Co. Ltd., Nufarm, SinoHarvest, UPL Limited and YongNong BioSciences CO. LTD.
Key Questions Answered in This Report
- 1. What was the size of the global glufosinate market in 2022?
- 2. What is the expected growth rate of the global glufosinate market during 2023-2028?
- 3. What are the key factors driving the global glufosinate market?
- 4. What has been the impact of COVID-19 on the global glufosinate market?
- 5. What is the breakup of the global glufosinate market based on the crop type?
- 6. What is the breakup of the global glufosinate market based on the formulation type?
- 7. What is the breakup of the global glufosinate market based on the application?
- 8. What are the key regions in the global glufosinate market?
- 9. Who are the key players/companies in the global glufosinate market?
Product Code: SR112023A4189
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Glufosinate Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Crop Type
- 6.1 Cereals and Grains
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Oilseeds and Pulses
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Fruits and Vegetables
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Others
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
7 Market Breakup by Formulation Type
- 7.1 Aqueous Suspension
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Liquid
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Suspension Concentrate
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Soluble (Liquid) Concentrate
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Others
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
8 Market Breakup by Application
- 8.1 Herbicides
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Fungicides
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Desiccant
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Defoliant
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Others
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 BASF SE
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 DuPont de Nemours Inc.
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.2.4 SWOT Analysis
- 14.3.3 Hebei Veyong Bio-Chemical Co. Ltd (Limin Group Co. Ltd.)
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 Jiangsu Sevencontinent Green Chemical Company Limited
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 LIER Chemical Co. Ltd.
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.6 Nufarm
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 SinoHarvest
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.8 UPL Limited
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.9 YongNong BioSciences CO. LTD.
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.1 BASF SE
Product Code: SR112023A4189
List of Figures
- Figure 1: Global: Glufosinate Market: Major Drivers and Challenges
- Figure 2: Global: Glufosinate Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Glufosinate Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Glufosinate Market: Breakup by Crop Type (in %), 2022
- Figure 5: Global: Glufosinate Market: Breakup by Formulation Type (in %), 2022
- Figure 6: Global: Glufosinate Market: Breakup by Application (in %), 2022
- Figure 7: Global: Glufosinate Market: Breakup by Region (in %), 2022
- Figure 8: Global: Glufosinate (Cereals and Grains) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Glufosinate (Cereals and Grains) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Glufosinate (Oilseeds and Pulses) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Glufosinate (Oilseeds and Pulses) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Glufosinate (Fruits and Vegetables) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Glufosinate (Fruits and Vegetables) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Glufosinate (Other Crop Types) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Glufosinate (Other Crop Types) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Glufosinate (Aqueous Suspension) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Glufosinate (Aqueous Suspension) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Glufosinate (Liquid) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Glufosinate (Liquid) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Glufosinate (Suspension Concentrate) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Glufosinate (Suspension Concentrate) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Glufosinate (Soluble Concentrate) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Glufosinate (Soluble Concentrate) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Glufosinate (Other Formulation Types) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Glufosinate (Other Formulation Types) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Glufosinate (Herbicides) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Glufosinate (Herbicides) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Glufosinate (Fungicides) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: Glufosinate (Fungicides) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Global: Glufosinate (Desiccant) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Global: Glufosinate (Desiccant) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Global: Glufosinate (Defoliant) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Global: Glufosinate (Defoliant) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Global: Glufosinate (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Global: Glufosinate (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: North America: Glufosinate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: North America: Glufosinate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: United States: Glufosinate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: United States: Glufosinate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Canada: Glufosinate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Canada: Glufosinate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: Asia-Pacific: Glufosinate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: Asia-Pacific: Glufosinate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: China: Glufosinate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: China: Glufosinate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Japan: Glufosinate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Japan: Glufosinate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: India: Glufosinate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: India: Glufosinate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: South Korea: Glufosinate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: South Korea: Glufosinate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Australia: Glufosinate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Australia: Glufosinate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Indonesia: Glufosinate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Indonesia: Glufosinate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: Others: Glufosinate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: Others: Glufosinate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: Europe: Glufosinate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: Europe: Glufosinate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Germany: Glufosinate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Germany: Glufosinate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: France: Glufosinate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: France: Glufosinate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: United Kingdom: Glufosinate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: United Kingdom: Glufosinate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Italy: Glufosinate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Italy: Glufosinate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Spain: Glufosinate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Spain: Glufosinate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Russia: Glufosinate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Russia: Glufosinate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Others: Glufosinate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Others: Glufosinate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Latin America: Glufosinate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Latin America: Glufosinate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: Brazil: Glufosinate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 77: Brazil: Glufosinate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 78: Mexico: Glufosinate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 79: Mexico: Glufosinate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 80: Others: Glufosinate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 81: Others: Glufosinate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 82: Middle East and Africa: Glufosinate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 83: Middle East and Africa: Glufosinate Market: Breakup by Country (in %), 2022
- Figure 84: Middle East and Africa: Glufosinate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 85: Global: Glufosinate Industry: SWOT Analysis
- Figure 86: Global: Glufosinate Industry: Value Chain Analysis
- Figure 87: Global: Glufosinate Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Glufosinate Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Glufosinate Market Forecast: Breakup by Crop Type (in Million US$), 2023-2028
- Table 3: Global: Glufosinate Market Forecast: Breakup by Formulation Type (in Million US$), 2023-2028
- Table 4: Global: Glufosinate Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 5: Global: Glufosinate Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Glufosinate Market: Competitive Structure
- Table 7: Global: Glufosinate Market: Key Players
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